−13% below market
median 2,517 €/m² for comparable properties
700,000 € 2,187 €/m²
Rent covers ~ 101% of the payment
~ 3,150 €/mo rent · pays for itself in ~ 19 yrs
Sale500,000 €2,272 €/m²
Expected rent3,150 € /mo
~53,500 € BELOW MARKET
good value
against the median for houses in Sofia (897 properties)
Area
220 m²
Land Area
330 m²
Floor
0 / 3
Construction
Brick
Year
2002
Heating
Local Heating
Yield analysis
Good investment rating
Monthly payment2,218 €20% down payment · 20 yrs · 3%
Expected rent3,150 €at market conditions for the neighbourhood
The rent covers 142% of the payment — the tenant pays off the loan over 20 years. From rent alone, with no loan, it pays for itself in 13 years. Calculated from the median rent for the neighbourhood, at full occupancy and before running costs — a benchmark, not a guarantee.
Price history
5 changes since listing▼ 10.7% · 60,000 €
- 560,000 €
- 550,000 €▼ 10,000 € (1.8%)
- 540,000 €▼ 10,000 € (1.8%)
- 520,000 €▼ 20,000 € (3.7%)
- 510,000 €▼ 10,000 € (1.9%)
- 500,000 €▼ 10,000 € (2%)
Property analysis
This house is priced about 53,500 € below the typical price (the median) for houses in Sofia (897 properties) — 2,272 €/m² against 2,517 €/m².
With 20% down over 20 years the monthly mortgage payment is about 2,218 €, against an expected local rent of 3,150 €. The rent covers the whole payment (142%).
The asking price has fallen by 60,000 € (10.7%) since it was first listed.
Details
- Category
- Residential
- Bathrooms
- 3
Approximate location
The exact address hasn't been published by the seller — the map shows the neighbourhood.